Kingsview Wealth Management LLC Decreases Holdings in Intel Co. (NASDAQ:INTC)

Kingsview Wealth Management LLC lowered its position in Intel Co. (NASDAQ:INTC) by 17.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 62,519 shares of the chip maker’s stock after selling 13,084 shares during the period. Kingsview Wealth Management LLC’s holdings in Intel were worth $1,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dunhill Financial LLC boosted its stake in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. lifted its stake in Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the last quarter. CFM Wealth Partners LLC boosted its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares during the period. Missouri Trust & Investment Co grew its stake in shares of Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after buying an additional 550 shares during the last quarter. Finally, First Financial Bankshares Inc increased its holdings in shares of Intel by 2.7% in the third quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock worth $490,000 after buying an additional 557 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INTC shares. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $26.60.

Intel Stock Up 6.1 %

INTC stock opened at $20.97 on Wednesday. The business has a 50 day moving average of $20.23 and a 200 day moving average of $21.78. The firm has a market cap of $90.80 billion, a PE ratio of -4.79 and a beta of 1.08. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.